commit 833bd6ff7e62f257f0fcd2fb68469d4ca605f50c
parent d3d948e129d710be0bc42aa904849ab4e141d8a2
Author: Christian Grothoff <grothoff@gnunet.org>
Date: Fri, 14 Jan 2022 14:33:55 +0100
-discussion with CZ
Diffstat:
1 file changed, 8 insertions(+), 7 deletions(-)
diff --git a/2022-privacy/privacy.tex b/2022-privacy/privacy.tex
@@ -196,13 +196,14 @@ launching an electronic payment system based on gold. Direct payments with
physical gold are problematic, as giving change (the exact problem GNU Taler
solves for Chaum's DigiCash~\cite{digicash1989}) is impractical with gold (as
is the validation that the gold is pure). With eGold, Zanetti plans to
-establish a private competitor to the Swiss National Bank, that is not able to
-deflate economic crises by inflating the currency at the expense of the
-working class. It remains to be seen if this effective limitation on central
-bank policy making is ultimately beneficial, given the ecological cost of
-mining gold and the detrimental effect of rampant economic crises on the
-poor. However, we find this to be an interesting idea, as it may require
-politicians to take a more preventative stance against economic crises.
+``establish a private competitor to the Swiss National Bank, that is not able
+to deflate economic crises by inflating the currency at the expense of the
+working class''.\footnote{Personal communication.} It remains to be seen if
+this effective limitation on central bank policy making is ultimately
+beneficial, given the ecological cost of mining gold and the detrimental
+effect of rampant economic crises on the poor. However, we find this to be an
+interesting idea, as it may require politicians to take a more preventative
+stance against economic crises.
Systems like Bitcoin and Ethereum that are based on distributed ledger
technology are often confused with true token-based systems. In Bitcoin and
